Get started

Euro

Euro can start rise to resistance level, exits from triangleHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the resistance line and seller zone and little declined. After this movement, the price tried to back, but failed and when the EUR touched the resistance line it rebounded again and made an impulse down to the 1.0725 support level, which coincided with the buyer zone. Some time later Euro declined to support line, after which it in a short time turned around and rose to the resistance line, thereby making a fake breakout of the 1.0725 level. After this movement, Euro made a correction to the support line and then made an impulse to the seller zone, breaking the 1.0900 resistance level with line. Next, the price started to trades in a triangle, where it rose to the resistance line, after which the price rebounded and in a short time declined to the support line, breaking the 1.0900 level one more time. Now, the price trades near the support line of the triangle, and in my opinion, the Euro can rebound up from the support line to the resistance level, thereby exiting from the triangle. For this case, I set my target at the 1.0900 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
EURO - Price can little correct and then continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined in falling channel, where it reached $1.0900 level and at once continued to fall. Later price tried to back up, but failed and declined to support level, which coincided with support area. Also soon, Euro fell below this level and then it turned around, exited from falling channel, and started to grow in rising channel. In this channel, EUR broke $1.0750 level and even later broke $1.0900 level too, after which rose to resistance line. Recently price declined below this level, but soon backed up and now Euro trades in resistance area. I think that Euro can fall to support line and then continue to rise in rising channel to $1.0900 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
HelenP. I Euro will make rebound up from resistance zoneHi folks today I'm prepared for you Euro analytics. Some days ago price fell to support 2, which coincided with the support zone, and at once rebounded and started to grow. But later EUR turned around and fell to the trend line, after which it turned around and made a strong impulse up to support 1, which coincided with the resistance zone, thereby making a fake breakout of support 2. But the price at once rebounded from support 1 and fell back to the trend line, where it some time traded near and later made impulse up to 1.0980 points, breaking support 1 with the resistance zone. Then, the price turned around and in a short time declined to the resistance zone, thereby breaking the trend line, and where at the moment price continues to trades near support 1. For my mind, I expect that the Euro will rebound from the resistance zone to the trend line, break it, and then the price can make a retest. After this, I think, the EUR will bounce from the trend line and continue to grow, therefore I set my target at the 1.0950 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
Euro can bounce from support line and start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago broke the resistance level, which coincided with the seller zone, and some time traded below. But later, EUR rose back to the seller zone, after which it turned around and started to fall in a downward channel, where in a short time Euro declined to the 1.0780 support level, which coincided with the support area. Soon, the price broke this level and fell to the support line of the channel, and even made a fake breakout of this line, but at once turned around and rose back. Also soon, the price tried to break the 1.0780 level, but failed and declined more to support line one more time. Then Euro turned around and started to rise near the support line, thereby exiting from the downward channel. In a short time price broke the 1.0780 level and rose higher, after which there was little correction, and then the Euro continued to move up to the 1.0965 resistance level. When the price reached this level, it at once rebounded down to the support line, where at the moment EUR continues to trades near. So, I think the Euro can rebound up from the support line to the resistance level, for this case, my target is located at the 1.0965 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
EUR/USD Faces Resistance: A Technical and Fundamental AnalysisEUR/USD encountered resistance following an initial bullish surge on Wednesday, subsequently retreating slightly below the 1.09450 level in Thursday's European morning session. The price action indicates a potential reversal, with the currency pair trading within a supply area and the 61.8% Fibonacci level suggesting a bearish setup. Additionally, a sell limit has been set at 1.1000 in anticipation of a false breakout, with the RSI potentially signaling overbought conditions in this scenario. Later in the day, market participants will closely monitor the release of February's Retail Sales and Producer Price Index (PPI) data from the US. Retail Sales are projected to rebound by 0.8% in February after a contraction of 0.8% in January, while the monthly PPI is expected to increase by 0.3%, matching January's rise. The outcome of these data releases could influence the direction of the USD. A Retail Sales reading near 0% may exert downward pressure on the USD, while a stronger-than-expected increase in monthly PPI could prompt a USD-positive reaction. However, if the data are mixed, initial market reactions may be misleading, and bond market dynamics may provide valuable directional clues. A sustained uptrend in yields could bolster the USD, whereas a retreat below 4.2% in the 10-year yield might have the opposite effect. Given these technical and fundamental factors, traders are advised to watch for signs of a potential reversal in EUR/USD's price action.
Short
by FOREXN1
4
EURAUD,🔴It Bearish...?🔴(Details on Caption) I like this chart 📊 Please pay attention to the details. The price did the stop hunt and create the FVG, then could not continue to go higher and created the inversion. After that, by closing the candle's body below the last down-close candle, the price activated the breaker block, and also the market structure shifted. Now, the price has moved higher and it is close to the premium, so we are looking for a sell position. In that case, a bearish breaker block and buy-side liquidity formed inside the FVG are our confidence in a bearish move. It is a high-probability setup, but this market is all about probability, so stick to your risk management. Do not forget we need LTF confirmation to execute the sell position. 💡Wait for the update! 🗓️15/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
11
Euro H4 | Potential bearish breakoutThe Euro (EUR/USD) is falling towards a potential breakout level and could drop lower towards our take-profit target. Entry: 1.08721 Why we like it: There is a potential breakout level (wait for the 1-hour candle to close below 1.08721 for a breakout confirmation) Stop Loss: 1.09152 Why we like it: There is an overlap resistance level Take Profit: 1.07998 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURO - Price can correct to support level and then start to growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined in falling channel, where it fell to support line and then bounced up to resistance line. After this, Euro exited from channel, entered to wedge, and made downward impulse to $1.0735 level. Then price tried to rise, but failed and declined to support line of wedge, but soon EUR made upward impulse, making fake breakout. When price a little rose, it made correction to support line and then continued to move up to $1.0915 level. Soon, price broke this level, and rose to resistance line, but a not long time ago fell back to support level and now trades near. Possibly, Euro can bounce from support line and rise to $1.0980 resistance line of wedge again. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
EUR/AUD H4 | Potential bearish reversalEUR/AUD could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 1.65590 Why we like it: There is a pullback resistance level Stop Loss: 1.65909 Why we like it: There is a pullback resistance that sits above the 50.0% Fibonacci retracement level Take Profit: 1.64503 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
EUR/JPY H4 | Resistance overheadEUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 161.988 Why we like it: There is an overlap resistance level Stop Loss: 161.718 Why we like it: There is a swing-high resistance level Take Profit: 160.382 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURUSD: Addressing Temporary WeaknessGreetings Traders, Bullish Channel: We're currently observing a bullish channel, with the price nearing its ceiling. Key Levels: Pay attention to the concise of this month's R1, which has been broken, and the VAH of volume profile. These levels are pivotal for longer-term long positions and suggest refraining from short-term shorts. Temporary Weak Bearish Phase: Despite a temporary weak bearish phase, expectations point to a strong rise by the middle of next week. LTF Analysis: On lower time frames, watch for deeper corrections, offering opportunities for short trades. CPI News Impact: Stay updated on CPI News, as surprises here could alter market dynamics significantly. Wishing you profitable trades ahead! Warm regards,
Short
by AliSignals
EUR/USD Analysis: Anticipating Breakout Amidst Supply ZonesLast Friday, EUR/USD reached its highest level since early January, climbing above 1.0983 before reversing course during the American session to close the day with minor losses. As Monday's morning session unfolds, the price action is characterized by an Inside bar pattern on the H4 timeframe, indicating a period of consolidation as traders await a breakout in either direction. Notably, the price has approached two significant supply areas (highlighted in red rectangles), prompting traders to anticipate a possible retracement. In anticipation of potential market movements, we have set a sell limit at the 1.1000 area in case of a false breakout, aiming to take profit above the inside bar range before a potential drop. Our ultimate take profit target stands at 1.0700. Friday's data from the US revealed that Nonfarm Payrolls (NFP) surged by 275,000 in February, surpassing market expectations of 200,000. However, this robust reading failed to bolster the USD. The Bureau of Labor Statistics (BLS) revised January's increase downward to 229,000 from 353,000, while the annual wage inflation, as measured by the change in Average Hourly Earnings, dipped to 4.3% from 4.4% in January. Additionally, the Unemployment Rate rose to 3.9% from 3.7%, while the Labor Force Participation remained steady at 62.5%. The benchmark 10-year US Treasury bond yield declined towards 4% after the release of the February jobs report, contributing to the continued weakness of the US Dollar against its counterparts. However, profit-taking activities ahead of the weekend provided some support to the currency. With no high-impact macroeconomic data releases scheduled for Monday, investors are likely to closely monitor risk perception indicators to gauge market sentiment. In light of these developments, we anticipate a retracement in EUR/USD as traders assess the broader market dynamics and position themselves accordingly.
Short
by FOREXN1
1
EUR/GBP H4 | Resistance overheadEUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.85661 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension level Stop Loss: 0.85780 Why we like it: There is a pullback resistance level Take Profit: 0.85396 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EUR/NZD H4 | Falling to pullback supportEUR/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.76798 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.76110 which is a level that lies underneath a pullback support. Take profit is at 1.77781 which is a level that aligns with the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
EURUSD Sell signal on the 0.618 FibEURUSD hit the 0.618 Fibonacci retracement level and got rejected. This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did. Trading Plan: 1. Sell if today's candle closes in red. Targets: 1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50 1d). Tips: 1. The RSI (1d) is already forming a peak reversal pattern just before hitting the 70.00 overbought level. A clear sell signal. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
HelenP. I Euro can enter to resistance zone and continue fallHi folks today I'm prepared for you Euro analytics. Some days ago price broke the 1.0920 resistance level, which coincided with the resistance zone, and then continued to decline until the 1.0760 support level, which coincided with the support zone. After the price reached the support level, the price broke it and declined even lower than the support zone, but soon Euro turned around and rose back. After this movement, the EUR tried to rise more, but failed and declined until to trend line, thereby breaking the support level again. Later price turned around from the trend line and started to move up in an upward channel, where the soon EUR broke the 1.0760 level one more time and then made retest. After this, the price continued to rise in the channel and later it reached the resistance line, after which EUR made a correction to the support line, which is the trend line too and then rebounded up to the resistance level. When it reached this level, the Euro broke it and rose higher than the resistance zone and reached the resistance line of the channel, but a not long time ago the price turned around and fell below the 1.0920 level, breaking it again. At the moment, price trades close to this level, for this reason, I think Euro will enter to resistance zone, after which it turn around and continue to decline to support line of the channel. For this case, I set my target at 1.0875 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
EURUSD: Short term sell inside the Channel Up.EURUSD has turned bullish on the 1D timeframe (RSI = 62.360, MACD = 0.002, ADX = 55.342) but on the 4H chart it has started the bearish leg of the 1 month Channel Up. There is still time to sell and target the 0.5 Fibonacci level on a -0.85% decline from the top (TP = 1.08870), like the bearish wave after the Feb 22nd top. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Euro can exit from pennant and decline to 1.0880Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago started to trades in the range, where firstly it reached the top part, but then the price in a short time declined to the 1.0810 support level, which coincided with the buyer zone. After this, the price rebounded from this level and tried to back up, but failed and declined to the buyer zone and even lower, thereby exiting from the range and breaking the 1.0810 support level. Then Euro entered to upward pennant, where it at once rebounded from the support line and started to move up. In a short time price rose higher than the 1.0810 level, breaking it one more time, and later made a correction to support line of the pennant. Next, the EUR rebounded from this line and soon rose to the current support level, which coincided with the seller zone. Soon, the price broke this level and rose to the resistance line of the pennant, but a not long time ago it turned around and fell back to zone, where the Euro continues to trades very close to the 1.0920 level. I think that the Euro can bounce to the resistance line of the pennant, after which it turns around and rebounds down, thereby breaking the 1.0920 level and exiting from the pennant pattern. For this reason, I set my target at the 1.0880 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Euro H4 | Approaching 61.8% Fibonacci resistanceThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.09842 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 1.10474 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 1.08715 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURO - Price can decline from resistance line to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to triangle, where it bounced from resistance line and fell to support line, breaking $1.0745 level. After this, pirce in a short time rose to resistance line, but soon turned around and declined lower more, exiting from triangle. Then Euro started to grow in rising channel, where it soon reached $1.0745 level, broke it, and rose to resistance line of channel. Later price made correction and then made strong upward impulse to $1.0890 level and also broke it. Also then, EUR made retest and bounced up to resistance line of channel, but recently it bounced down. Possibly, Euro can grow to resistance line again, after which price fall to $1.0890 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2